Why Do We Owe Taxes?
Taxes have been around nearly as long as civilization itself. Historians have found tax records that go back to 6,000 B.C. in what is now Iraq. The ancient Greek, Egyptian and Chinese cultures all had their own versions as well. Even the bible has an account where a question was posed to Jesus - His response was to give Caesar what is his. That was his response in reference to [...]
How the government shutdown will affect your tax return?
In summary: the IRS is partially shut down and yes, you still have to pay your taxes on time. The bad news: you may not be able to receive your refund as long as the government is still shut down. While I don’t want to get into the political side of this issue, I do want to inform you on what you need to know concerning your taxes with tax [...]
Why You Shouldn’t Set New Years Resolutions
Why You Shouldn’t Set New Year’s Resolutions Do you set New Years resolutions? Do you set a goal to lose the 10 pounds you gained over the holidays every year? Have you been working towards a promotion for years on end? Have you told yourself you are going to take a vacation for 3 years in a row but still haven’t gone anywhere? If you set goals every year and [...]
5 Tax Tips for Small Business Owners
Track Your Expenses Receipts are like free money when it comes to taxes. Many of the receipts that you acquire over the year are for goods and services that can be deducted on your taxes which offsets taxable income. Of course, it is a hassle to hang on to small pieces of paper all year so try an app such as Shoeboxed, Expensify or Veryfi. This will allow you to [...]